2026-2-10 20:14 |
BNB is facing intensified selling pressure amid broader cryptocurrency market volatility, despite its price bouncing off the critical support level of $615.
Traders are now weighing bearish technical signals against potential bullish rebounds, with broader market optimism and Binance ecosystem developments key to the token’s near-term trajectory.
BNB price holds $600 — for nowBNB’s price tested a daily low of $615 on Monday, with intraday losses of 3% from its session highs near $650.
Current levels are well below recent highs of $1,000.
While buyers stepped in to prevent a dip to the $600 mark, the declines of 20% over the past week aligned with a breach below a declining channel.
If the ensuing weakness continues to limit upside momentum, BNB will be at risk of additional downside.
However, if sellers show exhaustion amid positive news around Binance and the crypto market, a decisive close above $650 could allow for retests above $700.
BNB price forecast: $530 next?Analysts see a confirmed break below the $600 mark as a trigger that could propel BNB toward the $530-$550 level.
On the daily chart, this marks part of a broader accumulation zone that encompasses the $500-$700 range.
Prices in the potential dip zone offer a historically resilient support band that has previously drawn buyers.
This means that a likely breach here might allow bears to test year lows near $517. Long-term rot could bring 2024 support around $460 into play.
BNB price chart by TradingViewBNB accelerated its dip amid Bitcoin’s crash to below $60,000, and while BTC hovers near $70k, recent crowd chat around Binance has not helped the native BNB token.
From comments regarding the October 10, 2025, crypto crash to discussions around Binance founder Changpeng Zhao and World Liberty Financial, it’s been a series of negative takes. Amid the latest crypto sell-off, BNB looked poised for a meltdown.
As BNB’s downward spiral persists, sellers are increasingly focusing on the psychological and technical support at $600, viewing it as the next potential breach point.
Current trading levels around $620-630 place the token precariously close to this threshold, with intraday lows already testing sub-$620 territories.
Any bullish catalysts for BNB?Despite these bearish risks, BNB’s fundamentals remain supportive, with ongoing Binance Chain activity and potential regulatory tailwinds offering bulls a defensive foothold.
Quarterly burns and the pivot of the exchange’s $1 billion SAFU fund are another likely catalyst.
Binance also remains the top exchange by total assets and spot trading volume, outpacing the likes of OKX and Bybit.
What may help BNB in the coming months is also broader altcoin bounces. Analysts see resilience at key levels, bullish divergences, and high volumes as pointers.
While declines into weakness are likely, Bitmine’s Tom Lee has predicted a V-shaped recovery for Ethereum. If this happens, most other alts will print explosive moves.
The post BNB price manages to stay above $600 support as downside risks build appeared first on Invezz
origin »Bitcoin price in Telegram @btc_price_every_hour
Binance Coin (BNB) на Currencies.ru
|
